DBRS Rates American Express Credit Corporation EUR 1.0 billion Issuance of Senior Notes at A (high)

DBRS, Inc. (DBRS) has today assigned a rating of A (high) to the EUR 1.0 billion 0.625% Fixed Rate Senior Notes due November 2021 (the Notes) issued by American Express Credit Corporation (Amex CredCo). The trend on the Notes is Stable. The proceeds from the Notes will be included in the general funds of American Express and available for general corporate purposes.

Notes:
All figures are in Euros unless otherwise noted.

The applicable methodologies are the Global Methodology for Rating Finance Companies (October 2016), Global Methodology for Rating Banks and Banking Organisations (July 2016), DBRS Criteria: Rating Holding Companies and Their Subsidiaries (January 2016), DBRS Criteria: Support Assessment for Banks and Banking Organisations (March 2016), which can be found on our website under Methodologies.

The primary sources of information used for this rating include company documents. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.